Ambiguity is a type of meaning in which several interpretations are plausible. A common aspect of ambiguity is uncertainty. It is thus an attribute of any idea or statement whose intended meaning cannot be definitively resolved according to a rule or process with a finite number of steps. (The ambi- part of the term reflects an idea of "two", as in "two meanings".)
The concept of ambiguity is generally contrasted with vagueness. In ambiguity, specific and distinct interpretations are permitted (although some may not be immediately obvious), whereas with information that is vague, it is difficult to form any interpretation at the desired level of specificity.
Context may play a role in resolving ambiguity. For example, the same piece of information may be ambiguous in one context and unambiguous in another.